Why Are People So Excited About A Bitcoin ATM?

It was the machine face that launched a thousand articles. News of the world’s first real Bitcoin ATM being installed in a coffee shop in Vancouver, Canada on Tuesday set the media afire , with stories published across the globe. Whether related or not, in the day after the CND$ <–> BTC machine went live, “Bitcoin ” became the second most read article on Wikipedia, after “Halloween. ” People were excited in the real world as well. The machine had 81 transactions worth CND$10,000 on its first day (which is $9,500 US or 48 BTC), and $30,000 on its second day (or $27,800 US/139 BTC), says Mitchell Demeter of Bitcoin broker Bitcoiniacs, which bought the $18,500 machine from Reno, Nevada-based Robocoin . While most of that is people buying Bitcoins, $6,000 worth of Bitcoins have been traded for Canadian cash. Demeter says he’s planning to install four more Bitcoin ATMs around C...